An ageing population and millennial homebuyers are driving structural changes in Malaysia’s real estate industry.

Kajang’s numerous non-landed properties fall primarily in the mass-market segment.

The cautious market sentiment can be attributed to the rising cost of living, depreciating ringgit and political situation in Malaysia, says Rahim & Co Sabah branch manager Max Sylver Sintia.

Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates.

Rental market supported by students from higher learning institutions in the area while low and medium-end properties offer low-entry point investment opportunities.

MKH has the advantage of low land cost within the growing Kajang/Semenyih corridor, which will give it greater pricing flexibility.

Named Setia City Residences, it is a part of the developer’s integrated development, Setia City in Setia Alam. S P Setia plans to launch the project in the fourth quarter of this year.

The surge of new developments has buoyed the Seri Kembangan secondary market.

The award is for the proposed earthworks under Phase 1 of the Lifestyle Quarter of the Tun Razak Exchange mixed development. The scope of works consists of earthworks, rock probing and grouting works.

Overall, the average distribution per unit (DPU) for six REIT stocks under our coverage grew by 4.7% y-o-y.